"1% of day traders succeed" is a bad argument.... here is why!

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  • Опубликовано: 25 ноя 2024

Комментарии • 5

  • @oscarwilly
    @oscarwilly 4 месяца назад +2

    good video but please use some of that trading profit for a higher video frame rate 💕

    • @johnmakesmoney
      @johnmakesmoney  4 месяца назад

      @@oscarwilly I can’t because my camera doesn’t have an option to be used as a webcams I have to use a third party software . A

  • @egeercin1
    @egeercin1 4 месяца назад

    facts.

  • @TheInfiniteBungle
    @TheInfiniteBungle 4 месяца назад +1

    I agree, however the best argument that I can come up with in regards to trading statistics are as follows: When they collect the data for how many traders lose and how many win, they don’t account for the the type of trading activity being sampled. Any one who opens a broker account and clicks buy or sell is technically a “Trader” but when you spend anytime in the industry you realise that most people are not trading they are gambling, simply by the fact they are not treating it as a profession and something to be taken seriously. If there was a way to measure the amount of serious, dedicated traders putting there effort in day after day I'm 95% confident at least, that the statistics of these people will be much higher than 1-15% I’d say it’s closer to 40-50% or higher which is still extremely hard considering the effort required but it is much more realistic. And if you know you are really putting in the effort, you can safely put your chances of success way above 1-15%.

    • @johnmakesmoney
      @johnmakesmoney  4 месяца назад +1

      @@TheInfiniteBungle exactly great point bro. I agree 100 percent.